Income: 10/hour * 51/hours * 4.3 = $2,193
1,754.40 total net income
Housing:
Roommates:$600
Utilities:
Cell phone: Boostmobile shrinkage: Talk, Text, Call : $40
Home phone: None
Water: Included
Gas:Included
Electric: Included
Cable/satellite: None
TV: None
Newspaper: None
Internet: None
Trash: Included
Transportation You need to research the costs of owning a car in addition to one other option (mass transit, bike/walk, etc.). Even if you do not use the car in your final budget you need to turn in your car research with your project. The most straightforward approach for the car is to:
Calculate the number of miles you will drive for work and entertainment
7.92 Miles Work miles = $2.60 there and back
3.96 Miles Entertainment weekly = $1.60
Calculate your maintenance cost by multiplying your gas cost by 7% (.07)
$.83 maintenance
1,754.40 total net income
- Housing:
Roommates:$600- Utilities:
Cell phone: Boostmobile shrinkage: Talk, Text, Call : $40Home phone: None
Water: Included
Gas:Included
Electric: Included
Cable/satellite: None
TV: None
Newspaper: None
Internet: None
Trash: Included
- Transportation You need to research the costs of owning a car in addition to one other option (mass transit, bike/walk, etc.). Even if you do not use the car in your final budget you need to turn in your car research with your project. The most straightforward approach for the car is to:
Find a reasonably priced reliable used car online (cars.com, CarsDirect, ebay Motors)http://cgi.ebay.com/ebaymotors/SALE-2002-CHEVY-BLAZER-2-DOORS-2-000-/261005535891?pt=US_Cars_Trucks&hash=item3cc5246a93#ht_500wt_1182
Chevrolet Blazer 2002= $2,000
Get an insurance quote (Progressive, eSurance, CarInsurance.com) If you prefer not to get a quote, you may use $115/mo. as your car insurance rate (this is based on average rates for California).Use an online loan calculator to calculate monthly payments (Edmunds)
$115/month
4. Calculate Monthly Payment
$3,829 financed at 3% over 36 months
$111/month
Calculate the number of miles you will drive for work and entertainment
7.92 Miles Work miles = $2.60 there and back
3.96 Miles Entertainment weekly = $1.60
Calculate your maintenance cost by multiplying your gas cost by 7% (.07)
$.83 maintenance